Netscout Systems (NTCT) Tops Q2 EPS by 9c

Netscout Systems (NASDAQ: NTCT) reported Q2 EPS of $0.38, $0.09 better than the analyst estimate of $0.29. Revenue for the quarter came in at $205.3 million versus the consensus estimate of $203.82 million.

Outlook:

For fiscal year 2021, NETSCOUT expects revenue (GAAP and non-GAAP) to decline in the mid-to -upper single digits, on a percentage basis, compared with fiscal year 2020. This outlook is due to the COVID-19 global pandemic and resulting challenging macro-economic environment causing elongated purchasing cycles. NETSCOUT will continue to prudently manage its cost structure and expects to deliver improved annual GAAP earnings per share and expects non-GAAP earnings per share to be in-line with our non-GAAP fiscal year 2020 earnings per share number.

For earnings history and earnings-related data on Netscout Systems (NTCT) click here.

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